According to the Zhitong Finance App, Wai Yuantang (00897) announced that the Group expects to achieve a change from profit attributable to parent company owners of approximately HK$2.8 million during the corresponding period to a loss attributable to parent company owners of no more than HK$16 million for the six months ending September 30, 2026.

The decrease in expected profit is mainly due to the combined effects of the following: a sharp increase in sales and distribution expenses and administrative expenses during the reporting period; and a sharp decrease in net fair value income from investment properties during the reporting period.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.